AMR Ends FAA Violation Allegations With $25M Claim
By Maria Chutchian
Law360, New York (May 10, 2013, 4:32 PM ET) -- AMR Corp. on Thursday reached a settlement with the Federal Aviation Administration that provides the agency with $24.9 million in allowed general unsecured claims and resolves allegations that American Airlines Inc. violated federal regulations before it entered bankruptcy.
The deal will resolve the $162 million in claims asserted against American Airlines and its subsidiaries by the FAA, according to court documents. The settlement must be approved by the court and is scheduled to be presented to U.S. Bankruptcy Judge Sean H. Lane on May 30....